Public Records
Edition
Philadelphia4000 block of N Franklin StJuly 9, 2026

House report

4048 N Franklin St

3 bd · 2 ba · 2 stories · 1,200 sqft · RSA5 · built 1940

Owner-occupied · assessed $180K · sold 5×. On the 4000 block of N Franklin St.

Street view of 4048 N Franklin St
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1940: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

Zoned RSA5: one household by right

Single-family rowhouse (the classic Philly row). Converting to a duplex or apartments needs a use variance the zoning board rarely grants — Pennsylvania courts require a physical hardship of the lot itself, and economics alone do not qualify.

If you own it

$1,399/yr may be unclaimed

This home reads owner-occupied but shows no Homestead Exemption, which removes $100,000 from the taxable assessment (worth up to $1,399/yr). Applying through the City is free and takes minutes.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

The investment read

How this house has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the analyst below to dig into any number.

Assessed value
$180K
built 1940
Price / sq ft
$150
block $98 · above block
Appreciation
+395%
+16%/yr, city 6.5%
In 5 years (~2031)
~$181K
+16%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$3K
1.4% effective
Gross yield
—
Times sold
5

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$100K$200KBefore this chart — 2002: Sold $12K 2002: Sold $28K 2006: Sold $52K 2013: Plumbing2019: Plumbing2023: Sold $60K2024: Sold $179K$180K201620222027
This houseBlock median & rangeSalePermit
The paper trailRenovated & sold on

Bought for $12K in 2002, plumbing permit in 2013, sold for $179K in 2024 (+1392%).

  1. 2002 $12KSold$28KSold
  2. 2006 $52KSold
  3. 2013 PlumbingPermit
  4. 2019 PlumbingPermit
  5. 2023 $60KSold
  6. 2024 $179KSold

Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Bedrooms
3
Bathrooms
2
Stories
2
Interior
1,200 sqft
livable area
Lot
900 sqft
Basement
Full
city code D
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Average
city code 4
Interior condition
New / rehabbed
city code 2
New / rehabbed
Quality grade
C+
assessor's grade
Zoning
RSA5
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 4048 N Franklin St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$179K
20%
6.875%
$1K/mo

When this house last sold (2024) a 30-year mortgage ran about 6.72% — Freddie Mac's average that year.

Mortgage
—
P&I · 30-yr fixed
All-in monthly
—
+ taxes & insurance
Cash to close
—
down + ~4% costs
Cash flow
—
rent − all costs · /mo
Cap rate
—
NOI ÷ price
Cash-on-cash
—
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Next door: 4046 N Franklin St  ·  4050 N Franklin St

Where this comes from

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)